Advanced Micro Devices (NASDAQ:AMD) Upgraded to “Strong-Buy” by TD Cowen

TD Cowen upgraded shares of Advanced Micro Devices (NASDAQ:AMD) to a strong-buy rating in a report published on Monday, Zacks.com reports.

AMD has been the topic of a number of other reports. StockNews.com downgraded shares of Advanced Micro Devices from a hold rating to a sell rating in a research note on Wednesday, July 31st. Edward Jones started coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a buy rating on the stock. Robert W. Baird reduced their price target on Advanced Micro Devices from $200.00 to $175.00 and set an outperform rating for the company in a report on Wednesday, July 31st. Barclays lowered their price target on Advanced Micro Devices from $235.00 to $180.00 and set an overweight rating for the company in a research note on Monday, July 29th. Finally, Truist Financial cut their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a hold rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Trading Down 0.2 %

NASDAQ:AMD opened at $152.08 on Monday. The stock has a market cap of $245.81 billion, a PE ratio of 223.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock’s 50-day moving average is $149.03 and its two-hundred day moving average is $161.49.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently modified their holdings of the company. Tradewinds Capital Management LLC raised its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the period. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $27,000. Valued Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 70 shares during the period. Finally, Morton Brown Family Wealth LLC boosted its position in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.